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Austral Resources Secures Lady Loretta and Moves Debt-Free

3:40pm on Thursday 30th of April, 2026 AEST Mining
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Austral Resources Secures Lady Loretta and Moves Debt-Free

3:40pm on Thursday 30th of April, 2026 AEST
Key Points
  • Acquisition includes mining leases and infrastructure
  • US$40 million cash received from Glencore
  • 2.5% net smelter return royalty and offtake deal with Glencore
  • Drilling and pit wall cutback planned for 2026
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